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ETH 3x Short / Tether

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ETHUSDT.3S trade ideas

Ethereum Giant Head and Sholders [Ethereum equals BTC in a dangerous head and sholder formation. Losing there in the region of $1,680 breaks the neckline. I put the measure move of the high leg of this head and holders, vertical line in red and it's coming to $1,240 and it seems exaggerated but that's it. Now we are looking for the $1.700 region and it won't be good to miss it. After that the more coherent target and the $1.390 and below it loses the bullish structure. Maximum attention is for the S&P500 that will dictate the next chapters.
Short
by BitStalker
ETH Ascending Triangle Pattern Points to Potential BreakoutEthereum (ETH) traders have identified an intriguing chart pattern on the 30-minute timeframe—an ascending triangle pattern. This bullish continuation pattern suggests a potential breakout ahead. In this article, we'll delve into the pattern, outline the key levels, and propose a trade setup for traders to consider. Ascending Triangle Pattern Overview: The ascending triangle pattern is a reliable bullish continuation pattern characterized by a series of higher lows coupled with a consistent resistance level. This pattern signals a higher probability of an upward price breakout. Current Scenario: ETH is currently trading in proximity to the neckline resistance level, forming an ascending triangle pattern on the 30-minute chart. Traders should anticipate a minor dip before a potential breakout occurs. Trade Setup: Entry Level: $1840 Target: $1946 Stop Loss: $1824 View Negation: Should ETH break below the critical support level of $1820, the pattern's validity would be invalidated, and traders should reconsider their position.
Long
by TheNewsCrypto
ETHUSDT TO GO HIGHER, NEXT HIGH 2400? As we know market have recovered a lot in last 4 to 5 months. So what can be next big move? As per my view it is expected to move higher because looking at weekly time-frame it has created a double bottom with june 2022 and november 2022 being those two lows and it is expected to be making a retest at 1800-1900 level to that double bottom. Also looking at 4H time-frame it is creating a W on 200 EMA and making a wedge with 2H time-frame. And it is expected to reach 2800 price level in coming months.Thank you for reading, will update soon.
Long
by atharvat9009
1
RISKY : Pre-Shanghai correction for ETHThere has been a rejection from 1.9k level for ETH. Since there has been a insane increase in price of ETH of more than 47% in the past few days. It is likely that there will be a correction before the Shanghai update. Since this is a pre-update prediction, this can also go horribly wrong because the overall sentiments of the crypto market are falling in "greed" segment. So if this plays as per plan it will be a quick touch down to 1st target & might follow to the next one. But will be followed by a bounce.
Short
by Akshay_bansal